The construction work on the Jammu-Akhnoor road project (NH-144A), which was affected by the reverse migration of labourers during the pandemic is expected to be completed by March 2022.
Read MoreThe Asian Development Bank (ADB) and the Union government on September 8, 2021 signed a $300 million loan agreement as additional financing to improve rural connectivity in Maharashtra and consequently boost its economy. The...
Read MoreMunicipal Corporation of Greater Mumbai (MCGM) completed the 1-km tunnel boring for the coastal road project on September 4, 2021.
Read MoreDuring April-July 2021, compared to other large central public sector enterprises (CPSEs), NHAI has emerged as the highest investor with a capex of Rs 410 billion which is 34 per cent of the full financial year target of Rs 1.22 trillion.
Read MoreData from first half of 2021 has revealed that NHAI has earned Rs 165 on every FASTag issued, as compared to Rs 179 earned a year ago, indicating a decline of 8 per cent.
Read MoreUpgradation of a 14 km road from Pampore to Pulwama has been dropped as the funds were diverted to manage the pandemic crisis.
Read MoreNHAI incurred an estimated revenue loss of Rs 35.13 billion in fee collection in the financial year 2020-21 (FY21) owing to Covid-19 restrictions.
Read MoreNHAI’s total debt has increased from Rs 747.42 billion in March 2017 to Rs 3.07 trillion in March 2021.
Read MoreAccording to India Ratings and Research, the increased competition in the road sector in FY21, resulting from NHAI’s initiative to reduce prequalification requirements, may ultimately lead to a moderation in the quality of roads.
Read MoreExecution of hybrid annuity model (HAM) projects, which is the preferred mode of awarding by NHAI, is largely on schedule and about 60 per cent of the projects covering 3,200 km of roads are either completed or being executed on time, as per CRISIL.
Read MoreReportedly, the National Highways Authority of India (NHAI) has sought extension of financial closure timeline and waiver of penalty for delay in submission of bank guarantee for road developers impacted by the localised lockdowns during COVID-19.
Read MoreNHAI’s debt reached a new high of Rs 3.17 trillion at the end of fiscal year 2020-21, alongside a dip in its revenues.
Read MoreWith the easing of lockdown in most states and rise in the traffic movement on the highways, toll collection in June 2021 increased to Rs 25.76 billion, 21 per cent higher than Rs 21.25 billion collected in May 2021.
Read MoreEarthmoving and construction equipment major JCB India expects a strong recovery towards the second half of the year aided by the accelerated vaccination programme along with Centre’s focus on infrastructure creation.
Read MoreIn a bid to ensure that workers had a strong reason to stay back despite COVID-19 challenges, contractors working NHAI projects worked overtime.
Read MoreICRA expects toll collection from road projects to rise 12-14 per cent in 2021-22, though collections have fallen in May and June 2021 as toll rates rose 3-4 per cent.
Read MoreAccording to ICRA, competition in road sector is expected to remain at an elevated level with more contractors fulfilling the relaxed eligibility criteria.
Read MoreThe 10-lane Bengaluru-Mysuru highway in Karnataka is set to miss another deadline, owing to the second wave of the COVID-19 pandemic.
Read MoreReportedly, NHAI is planning to delay the launch of its maiden Infrastructure Investment Trust (InvIT) till the traffic on the highways returns to pre-COVID levels.
Read MoreReportedly, bids for road projects spanning about 2,000 km are in the pipeline and will likely be awarded June 2021 onwards, as NHAI looks to push construction activity after a brief slowdown.
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